ZHEJIANG, China, May thirteen, 2019 (GLOBE NEWSWIRE) — SORL Auto Parts, Inc. (NASDAQ: SORL) (“SORL” or “the Company”), a leading producer and distributor of automotive brake systems as well as different key protection-related auto elements in China, these days introduced that it plans to launch its unaudited economic consequences for the 2019 first quarter ended March 31, 2019, on Wednesday, May 15, 2019, after the market close. Management will host a conference call on Wednesday, May 15, 2019, at 8:00 P.M. EDT/ eight:00 A.M. Beijing Time on May sixteen, 2019, to discuss its unaudited economic consequences. The 2019 first sector ended March 31, 2019. Listeners might also access the decision with the aid of dialing U.S. Toll loose quantity +1-877-407-0778 and +1-201-689-8565 for international callers, and Mainland China toll-free +86 four hundred-120-2840.
A replay of the call could be had quickly after the conference name via 8:00 P.M. EDT on June 15, 2019, or 8:00 A.M. Beijing Time on June 16, 2019. The replay dial-in numbers are U.S. Toll-free number +1-877-481-4010 or the international quantity +1-919-882-2331; the usage of Conference ID “49126” to get entry to the replay. SORL Auto Parts, Inc. As a global tier-one dealer of brake and control structures to the commercial car industry, SORL Auto Parts, Inc. It is the market leader for industrial vehicle brake systems, such as trucks and buses in China. The Company distributes merchandise each within China and internationally underneath the SORL trademark. SORL is listed as the various pinnacle one hundred vehicle issue suppliers in China, with a product variety that includes 65 classes with over 2000 specifications in brake systems. The Company has 4 authorized worldwide income facilities in UAE, India, the United States, and Europe.
Safe Harbor Statement
This press launch can also consist of sure statements that are not descriptions of historical data but are ahead-looking statements inside the which means of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be diagnosed by way of the usage of ahead-searching terminology together with “expects,” “anticipates,” “beliefs,” “goals,” “dreams,” “initiatives,” “intends,” “plans,” “seeks,” “estimates,” “may additionally,” “will,” “must” or comparable expressions. For example, when the Company describes the preliminary non-binding idea letter’s assessment, it is the use of forward-searching statements. These forward-looking statements might also include statements approximately the Company’s proposed discussions associated with its enterprise or boom strategy that are a problem to alternate. Such information is primarily based upon expectancies of the Company’s control that had been affordable whilst made but may also be incorrect. All of such assumptions are inherently concern with uncertainties and contingencies beyond the Company’s control and upon assumptions with recognition to destiny commercial enterprise decisions that are a problem to exchange.
The Company does not adapt to update the forward-looking statements contained in this press release. These risks and uncertainties may additionally encompass, however, aren’t constrained to fashionable political, financial, and business conditions which may additionally impact the call for business motors or passenger motors in China and the alternative vast markets in which the Company’s merchandise is offered, uncertainty regarding such political, economic and commercial enterprise conditions, trends in client debt ranges and terrible debt write-offs, general uncertainty related to possible recessions, natural disasters, the political balance of China and the effect of any of these activities on call for commercial or passenger cars, modifications in patron confidence, new product development and advent, competitive merchandise and pricing, seasonality, availability of opportunity sources of supply within the case of the lack of any large provider or any provider’s lack of ability to fulfill the Company’s orders, a fee of hard work and uncooked substances.
The lack of or curtailed sales to big customers, the Company’s dependence on key employees and officials, the capacity to secure and defend emblems, patents and other intellectual belongings rights, ability consequences of opposition inside the Company’s business, the dependency of the Company upon the normal operation of its sole manufacturing facility, capability effect of the financial and forex instability in China and international locations to which the Company offered its merchandise, the potential of the Company to efficiently manipulate its charges on a persevering with basis, the ongoing availability to the Company of financing and credit on favorable terms, enterprise disruptions, disease, wellknown dangers related to doing business in China or other nations which include, without limitation, foreign alternate guidelines, import duties, price lists, quotas, political and monetary balance, and the opposite factors mentioned inside the Company’s Annual Report on Form 10-K and different filings with the Securities and Exchange Commission. For extra data concerning acknowledged cloth elements that would cause the Company’s results to vary from its projected consequences, please see its filings with the SEC, consisting of its Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K.
